Senate has approved the removal of Government Owned Enterprises (GOEs) from the 2023 National budget.
The affected agencies are Nigerian Port Authority (NPA), Joint Admission Matriculation Board (JAMB), National Agency for Food and Drugs Administration and Control (NAFDAC), Nigerian Maritime Administration and Safety Agency, (NIMASA), and Customs.
Others are Coporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS), Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMPDRA), Nigerian Upstream Petroleum Regulatory Commission, (NUPRC).
The decision of the Senate was sequel to the report of MTEF/ FSP submitted by the Senate Committee on Finance, chaired by Senator Adeola Olamilekan which was considered on Wednesday.
According to the report, “that 10 out of the 63 GOEs be placed on cost of collections to serve as a test case for other GOEs which can be added in the future, the list of these GOEs include , NCC, CAC, NPA, NIMASA, NUPRC, FIRS, CUSTOMS, NMPDRA, JAMB, NAFDAC, with immediate effect the proposed finance bill 2023 coming up with the amendment the existing Act of the above mentioned agencies.”
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